Gateway Wealth Partners LLC Buys New Stake in Atmos Energy Corporation $ATO

Gateway Wealth Partners LLC bought a new stake in shares of Atmos Energy Corporation (NYSE:ATO) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,666 shares of the utilities provider’s stock, valued at approximately $1,047,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Atmos Energy by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 21,032,554 shares of the utilities provider’s stock worth $3,525,687,000 after purchasing an additional 276,485 shares in the last quarter. Capital International Investors increased its holdings in shares of Atmos Energy by 8.5% during the fourth quarter. Capital International Investors now owns 11,893,826 shares of the utilities provider’s stock valued at $1,993,968,000 after purchasing an additional 927,986 shares during the period. State Street Corp raised its stake in shares of Atmos Energy by 1.5% during the fourth quarter. State Street Corp now owns 10,786,358 shares of the utilities provider’s stock valued at $1,808,117,000 after purchasing an additional 155,836 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Atmos Energy by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 4,214,985 shares of the utilities provider’s stock valued at $703,824,000 after purchasing an additional 78,438 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Atmos Energy by 2.3% in the third quarter. Bank of America Corp DE now owns 3,737,053 shares of the utilities provider’s stock worth $638,102,000 after purchasing an additional 84,786 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

Atmos Energy Price Performance

NYSE:ATO opened at $177.69 on Thursday. The business’s 50-day moving average price is $173.81 and its 200 day moving average price is $177.99. The firm has a market cap of $29.66 billion, a P/E ratio of 21.83, a PEG ratio of 3.11 and a beta of 0.60. Atmos Energy Corporation has a 52-week low of $154.55 and a 52-week high of $192.51. The company has a quick ratio of 0.89, a current ratio of 1.00 and a debt-to-equity ratio of 0.65.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.37 by $0.10. Atmos Energy had a net margin of 27.58% and a return on equity of 9.59%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the company earned $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, sell-side analysts predict that Atmos Energy Corporation will post 8.44 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $4.00 annualized dividend and a yield of 2.3%. Atmos Energy’s dividend payout ratio is currently 49.14%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ATO. Barclays decreased their target price on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. TD Cowen upped their price target on shares of Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. Argus lowered their price objective on shares of Atmos Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Wall Street Zen raised Atmos Energy from a “sell” rating to a “hold” rating in a report on Sunday. Finally, Citigroup boosted their target price on Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $186.92.

About Atmos Energy

Atmos Energy Corporation (NYSE: ATO) is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos’s core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.

The company’s services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.